Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0149%/8h= −16.4% APRpaid last 24h −0.071%

Price spread now: Paradex against BloFin+0.311%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.311% dearer against BloFin than usual: you sell high and buy low (spread +0.311% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	312.12	0.0340	pay 0.0170% / 4h	22m 05s	$4.4M	$10.5M	100x
Short	Paradex TAO-USD-PERP	313.09	0.0191	get 0.0191% / 8h	22m 05s	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee ParadexbpOrdersPrice spread, now +0.311%Rate

Funding earned: −$31.37
Price spread: +0.311% → 0.000%: $31.12
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$16.25
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: BloFin: live order book, 7 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 7 min ago	5.26 bp	12.7 bp −$13	22.0 bp −$220	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.4493%	1h	315.57	+1.105%	$169K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.76	+0.205%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.89	+0.245%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.95	+0.907%	$23K	$361	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.77	+0.529%	$37K	$571K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.02	+0.288%	$370K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.16	+0.333%	$88.8M	$427.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.27	+0.368%	$61.6M	$125.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.00	+0.282%	$25.1M	$101.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.00	+0.282%	$12.5M	$50.1M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.03	+0.292%	$110.5M	$131.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.02	+0.288%	$18.5M	$27.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.87	+0.240%	$34.9M	$46.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.10	+0.314%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.02	−0.032%	$40K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.92	+0.576%	$521K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.97	−0.048%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.96	+0.590%	$77K	$466K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.17	+0.336%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.08	+0.308%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.13	+0.324%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.58	+0.468%	$128K	$408K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.14	+0.327%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.27	+0.369%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	313.24	+0.359%	$3K	$555K	5x	as long as short
Aster TAOUSDT	+0.0177%	4h	313.00	+0.283%	$1.1M	$7.9M	50x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.41	+0.413%	$83K	$565K	5x	as long as short
Paradex TAO-USD-PERPshort	+0.0191%	8h	313.09	+0.311%	$14K	$1K	10x
Variational Omni TAO	+0.0199%	4h	312.46	+0.109%	$4.0M	$7.0M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0217%	1h	313.02	+0.287%	$21K	$1.5M	25x	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	312.12	long leg	$4.4M	$10.5M	100x
Kraken Futures PF_TAOUSD	+0.0449%	1h	313.04	+0.296%	$5.7M	$19.9M	50x	as long as short
Nado TAO-PERP	+0.0453%	1h	313.46	+0.430%	$825K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	312.89	+0.247%	$449K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0524%	1h	313.39	+0.407%	$292K	$803K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.50	+0.122%	$327K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0600%	1h	313.67	+0.497%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.26	+0.366%	$360	—	20x	as long as short
Extended TAO-USD	+0.0856%	1h	312.92	+0.258%	$859K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.79	+0.535%	$1.5M	$5.8M	50x	as long as short
Lighter TAO	+0.1224%	1h	313.55	+0.458%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.35	+0.394%	$436K	$567K	5x	as long as short
Hyperliquid TAO	+0.1676%	1h	313.62	+0.480%	$97.8M	$84.1M	5x	as long as short